Why do a Remodel Instead of a Building

Why do a Remodel Instead of a Building

Homeowners all have unique reasons to remodel or build a new home. They may be preparing to sell, or may need to expand for their family’s needs. Either way, construction projects can be some of the most exciting yet harrowing times. Budgeting, choosing the materials, making the plans—these are all tough tasks to undertake, and while some may thoroughly enjoy the adventure, others might be intimidated. No matter how difficult the project is, the outcome will be worth your time and effort. But should you remodel an existing home or build a new one? Each option comes with its advantages and disadvantages. To help you decide, here is a quick look at each.

Cost

Remodel VS Building

Remodeling is generally the cheapest route. When building a home, you are paying for much more than the building. It costs to demolish an existing building and it costs to purchase an empty lot of land. Both a remodel and a new building come are liable to have defects that can lead to costly repairs in the future. With each project, you’ll also need to pay a building permit, which varies in price.

Time Restraints

Remodel VS Building

Remodeling is typically the quickest option, since the framework for your home is already in place. Indoor remodeling projects aren’t as dictated by weather conditions, and outdoor projects will take less time to complete than building from scratch. Just keep in mind that working with an older building can cause some unexpected problems like rotten wood or faulty wiring. If you decide to build from scratch, be prepared to dedicate a lot of time to the project. Never cut corners to speed up the building process.

Creative Freedom

Remodel VS Building

Building a new home by far gives you the most creative freedom. Anything you can draw up is possible as long as it is architecturally sound. With remodeling, you are slightly restricted by the plans of the existing house. You may be able to add or change a room, but the more you want to change, the more difficult and complicated a remodel gets. With a new building, your imagination, physics, and your budget are your only restraints.

Long-Term Benefits

Remodel VS Building

Both a remodel and a new building have many long-term benefits. If you are expanding for your growing family, remodeling allows you to keep the original charm of your home and save you the need to move while adding or updating your space. A new building has more of a market value than a remodel if you don’t plan on staying in your house the long haul. Both a remodel and a new building can save energy and utility costs over time with high-efficiency appliances, and proper insulation.